SGX:FEFK2022   SGX TSI Iron Ore CFR China (62% Fe Fines) Index Futures,Jun-2024,Composite Futures
The price has rebounded today, after falling to the support area of 138-140. However, the fact that the price has not broken through the confluence between EMA21 and EMA100 above H4 further with EMA21 cutting below EMA100 has raised concerns for the buyers.
=> Recommendation: Sell if the price rises to 158, STP 172, TP1: 140, TP2: 130.

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